Capital crunch for Chinese banks
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Aug 11 (Reuters) - Forty-five of the world's major energycompanies have qualified to compete in Iraq's next bidding roundfor contracts to develop its vast oil fields, the second suchauction since the U.S.-led invasion in 2003. Its net loss in thefirst half of the year totalled 98.6 million dinars. "Our customers love it because they can begin with a basic design instead ofstarting from scratch, and then customize it to make it truly their own," Zayasaid. Acompany spokesman declined to say how much the move would cost.